13/04/2020

13/04/2020 Even more favourable supply of liquidity to the banking sector – NBS cuts dinar interest rate in FX swap auctions

Consistent with the latest 25 bp cut to its main interest rates, the NBS has decided to trim the interest rate on dinars banks may obtain via regular FX swap auctions.

The following interest rates will be used to calculate fixed swap points in the auctions of swap purchase and sale of foreign exchange:

  • for dinars: NBS deposit facility rate plus 10 bp, 
  • for euros: 0%.

In the coming period the NBS will, as so far, provide continuous support to financial system liquidity and the domestic economy amid the spread of COVID-19, by regular FX swap auctions, but also by other instruments available, at favourable interest rates.

Governor's Office